Government cuts fuel export duty: Tax reduced by ₹5 on diesel and ₹1 on petrol; Oil companies benefit, retail rates will remain the same
The government has reduced the windfall tax on petrol, diesel and jet fuel sent out of the country. The new rates have come into effect from September 16, 2026, which will reduce the expenses of Indian refinery companies and they will get direct benefits on selling oil in the foreign market. This deduction has come…